Comments on: High Return Investments for Low Income People http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/ Pay off debt. Save. Give. Live your mission. Fri, 10 Feb 2012 04:12:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matt Jabs http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-21816 Matt Jabs Sun, 01 Jan 2012 22:09:15 +0000 http://www.debtfreeadventure.com/?p=4233#comment-21816 Do you have a link to your info source? The only place I found any info like that refers only to Kentucky residents. Do you have a link to your info source? The only place I found any info like that refers only to Kentucky residents.

]]> By: Thomas http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-21814 Thomas Sun, 01 Jan 2012 21:54:46 +0000 http://www.debtfreeadventure.com/?p=4233#comment-21814 I completely agree, although I would like to point out a small flaw. Because you are lending directly to borrowers, you must be an accredited investor. Lending vlub and prosper both have this requirement. Most people looking for low income investing won't be able to meet this requirement. Now they don't require any proof, but I prefer to live by their guidelines for my safety. other than that, great advice. I highly recommend getting out of debt as a first priority. I completely agree, although I would like to point out a small flaw. Because you are lending directly to borrowers, you must be an accredited investor. Lending vlub and prosper both have this requirement. Most people looking for low income investing won’t be able to meet this requirement. Now they don’t require any proof, but I prefer to live by their guidelines for my safety. other than that, great advice. I highly recommend getting out of debt as a first priority.

]]> By: Kevin @ Debteye http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-20203 Kevin @ Debteye Tue, 20 Dec 2011 20:38:07 +0000 http://www.debtfreeadventure.com/?p=4233#comment-20203 Matt, I really love what you wrote: "I currently choose debt reduction over investing because I earn more by reducing debt. " Couldn't have said it better! Matt,

I really love what you wrote: “I currently choose debt reduction over investing because I earn more by reducing debt. ” Couldn’t have said it better!

]]> By: Emily http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-20201 Emily Tue, 20 Dec 2011 20:27:59 +0000 http://www.debtfreeadventure.com/?p=4233#comment-20201 ITA with the steps. Also loved that you threw in building a biz around a passion, which is often overlooked as an "investment" but may be actually better than throwing money into the stock market. ITA with the steps. Also loved that you threw in building a biz around a passion, which is often overlooked as an “investment” but may be actually better than throwing money into the stock market.

]]> By: Alex http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-16514 Alex Sun, 17 Jul 2011 21:16:55 +0000 http://www.debtfreeadventure.com/?p=4233#comment-16514 Some sound advice. I'm currently in the process of paying down my credit cards but have chosen to save10% of my earnings, use 20% to repay debt and live off the remainder. It costs me a bit more in interest but after reading 'The Richest Man in Babylon' by George Clason I think this is the best way to tackle it. Some sound advice. I’m currently in the process of paying down my credit cards but have chosen to save10% of my earnings, use 20% to repay debt and live off the remainder. It costs me a bit more in interest but after reading ‘The Richest Man in Babylon’ by George Clason I think this is the best way to tackle it.

]]> By: EDWARD PHILLION http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15844 EDWARD PHILLION Thu, 12 May 2011 16:28:42 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15844 please,read, PAYBACKTIME by Phil Town. This is the way Warren Buffit invests. making 20 - to 30 % returns. its the best book making big money now, by someone who is the richest man in america, warren buffit.. we should learn and do what he has allready done! not try to do less!! knowledge is out there to do!!!! better than mutual funds, copy from the richest. !!!, not he less!!!!also I have talked to some one who has made millons in realestate, and he had a short term goal of cash for bills and living,or spending money.and a long term goal of investing in realestate for write offs,and more investments. more money has been made in realestate long term than any other.we need a plan for both now to live on, and the future growth in stocks!!! so please read Phills book its great to know it has all ready been done to show us, from millionares all ready doing it!!!!! thank you ed . success becomes real when we believe it will, so step out of the boat and walk on water!!! please,read, PAYBACKTIME by Phil Town. This is the way Warren Buffit invests. making 20 – to 30 % returns. its the best book making big money now, by someone who is the richest man in america, warren buffit.. we should learn and do what he has allready done! not try to do less!! knowledge is out there to do!!!! better than mutual funds, copy from the richest. !!!, not he less!!!!also I have talked to some one who has made millons in realestate, and he had a short term goal of cash for bills and living,or spending money.and a long term goal of investing in realestate for write offs,and more investments. more money has been made in realestate long term than any other.we need a plan for both now to live on, and the future growth in stocks!!! so please read Phills book its great to know it has all ready been done to show us, from millionares all ready doing it!!!!! thank you ed . success becomes real when we believe it will, so step out of the boat and walk on water!!!

]]> By: Interview with Matt from Debt Free Adventure! | http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15823 Interview with Matt from Debt Free Adventure! | Mon, 09 May 2011 04:00:19 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15823 [...] If you have that done, fund other tax sheltered options like IRAs and HSAs. After that, look for high return investments like peer lending with Lending Club.What is your take on emergency funds? How much is enough?No [...] [...] If you have that done, fund other tax sheltered options like IRAs and HSAs. After that, look for high return investments like peer lending with Lending Club.What is your take on emergency funds? How much is enough?No [...]

]]> By: Matt Jabs http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15676 Matt Jabs Wed, 20 Apr 2011 06:03:53 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15676 What you mention is precisely the reason Betsy and I saved $3k+ for emergencies, along with other savings for routine maintenance and irregular expenses. What you mention is precisely the reason Betsy and I saved $3k+ for emergencies, along with other savings for routine maintenance and irregular expenses.

]]> By: Rob http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15674 Rob Wed, 20 Apr 2011 04:50:53 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15674 I'm of the mind that you should build an emergency fund alongside paying down debt. You'll be giving up on some returns over the short term, but having an emergency fund helps keep you out of debt. If you concentrate solely on paying down debt and put the emergency fund off until afterwards, you're leaving yourself wide open to being dragged back down if something goes wrong. I’m of the mind that you should build an emergency fund alongside paying down debt. You’ll be giving up on some returns over the short term, but having an emergency fund helps keep you out of debt. If you concentrate solely on paying down debt and put the emergency fund off until afterwards, you’re leaving yourself wide open to being dragged back down if something goes wrong.

]]> By: Matt Jabs http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15672 Matt Jabs Tue, 19 Apr 2011 19:31:34 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15672 Exactly! Exactly!

]]> By: Hunter http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15670 Hunter Tue, 19 Apr 2011 18:04:55 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15670 Paying down debt is a great place to begin, I toally agree. Your return on investment is exactly equal to your interest rate, guaranteed. That's a lot more certain than the stock market. Paying down debt is a great place to begin, I toally agree. Your return on investment is exactly equal to your interest rate, guaranteed. That’s a lot more certain than the stock market.

]]> By: Matt Jabs http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15498 Matt Jabs Wed, 30 Mar 2011 15:09:56 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15498 Not sure, other than perhaps calling your politicians. Not sure, other than perhaps calling your politicians.

]]> By: SKing http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15492 SKing Wed, 30 Mar 2011 11:46:52 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15492 I've looked into Peer to Peer lending, but I ran into a wall when I found out that it's not available/legal in my state of residence... Oregon. Any suggestions on how I might get around this? TIA I’ve looked into Peer to Peer lending, but I ran into a wall when I found out that it’s not available/legal in my state of residence… Oregon. Any suggestions on how I might get around this? TIA

]]> By: Questions for New Investors http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-15455 Questions for New Investors Mon, 28 Mar 2011 12:01:15 +0000 http://www.debtfreeadventure.com/?p=4233#comment-15455 [...] As a general rule of thumb, if the interest rate on your debt is higher than what you expect to earn by investing, pay off that debt as your first investment. Eliminating high-interest debt is a no-risk, high-return investment. [...] [...] As a general rule of thumb, if the interest rate on your debt is higher than what you expect to earn by investing, pay off that debt as your first investment. Eliminating high-interest debt is a no-risk, high-return investment. [...]

]]> By: Financial Considerations of a Second Child http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-14282 Financial Considerations of a Second Child Mon, 28 Feb 2011 22:19:19 +0000 http://www.debtfreeadventure.com/?p=4233#comment-14282 [...] There’s More to Risk Than Meets the Eye The perfect retirement myth Asset Allocation is a Sloppy Science When A Roth IRA Will Cost You Long Term Bonds Vs Short Term Bonds High Return Investments [...] [...] There’s More to Risk Than Meets the Eye The perfect retirement myth Asset Allocation is a Sloppy Science When A Roth IRA Will Cost You Long Term Bonds Vs Short Term Bonds High Return Investments [...]

]]> By: The Donut Hunter http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-14276 The Donut Hunter Mon, 28 Feb 2011 18:09:10 +0000 http://www.debtfreeadventure.com/?p=4233#comment-14276 [...] High Return Investments – Matt covers the topic of how and were to find investments which offer good returns. [...] [...] High Return Investments – Matt covers the topic of how and were to find investments which offer good returns. [...]

]]> By: Roundup and Link Love: My home is finally back to normal edition http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-14257 Roundup and Link Love: My home is finally back to normal edition Sun, 27 Feb 2011 23:02:55 +0000 http://www.debtfreeadventure.com/?p=4233#comment-14257 [...] High Return Investments [...] [...] High Return Investments [...]

]]> By: Ray http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-10099 Ray Wed, 04 Aug 2010 15:05:43 +0000 http://www.debtfreeadventure.com/?p=4233#comment-10099 Hi Everyone, Very sound advice within the article. Here in Canada, the federal government started a new program which is excellant for low-income earners, called a TFSA (Tax Free Savings Account). Costs nothing to start, maximum $5,000/ year, may be withdrawn for any reason and replaced the following year and can be added to that years $5,000. The money can be invested in: high-interest savings account, money market, bonds, mutual funds (including indexes), or stocks. And all profits are tax excempt. As a low income earner myself, I have followed the route described, with the help of Gordon Pape, it works! Cheers, Ray Hi Everyone,
Very sound advice within the article. Here in Canada, the federal government started a new program which is excellant for low-income earners, called a TFSA (Tax Free Savings Account). Costs nothing to start, maximum $5,000/ year, may be withdrawn for any reason and replaced the following year and can be added to that years $5,000. The money can be invested in: high-interest savings account, money market, bonds, mutual funds (including indexes), or stocks. And all profits are tax excempt. As a low income earner myself, I have followed the route described, with the help of Gordon Pape, it works!
Cheers, Ray

]]> By: Debt Slavery - What it is and Ways Out http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-6537 Debt Slavery - What it is and Ways Out Wed, 20 Jan 2010 14:46:23 +0000 http://www.debtfreeadventure.com/?p=4233#comment-6537 [...] it is possible to earn more in interest on our investments than we pay in interest on our debts, but it’s risky at best.  Getting rid of debt [...] [...] it is possible to earn more in interest on our investments than we pay in interest on our debts, but it’s risky at best.  Getting rid of debt [...]

]]> By: Olivia http://www.debtfreeadventure.com/high-return-investments-for-low-income-people-oliva-answered/#comment-5954 Olivia Mon, 04 Jan 2010 14:53:34 +0000 http://www.debtfreeadventure.com/?p=4233#comment-5954 Thanks Rich Dad Wisdom. I weigh every piece of counsel carefully and make a distinction between funds needed to live off of (household monies) and those that can tolerate well thought through risk (small bits of personal side earnings earmarked for "dream goals"). Thanks Rich Dad Wisdom. I weigh every piece of counsel carefully and make a distinction between funds needed to live off of (household monies) and those that can tolerate well thought through risk (small bits of personal side earnings earmarked for “dream goals”).

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